According to
a new market report published by Lucintel, the future of the magnesium
hydroxide market looks promising with opportunities in the industrial,
municipal, and pharmaceutical industries. The global magnesium hydroxide market
is expected to reach an estimated $779.2 million by 2023 with a CAGR of 4.1% from 2018 to 2023. The major drivers for this market are increasing awareness towards
environment friendly flame retardant additives and growing consumption of
magnesium hydroxide in the wastewater treatment, flue gas desulphurization, and
pharmaceutical industries.
In this
market, magnesium hydroxide is used as a neutralizing agent, clarifier,
absorbent, and flame retardant in environmental protection, pharmaceutical
ingredients, and other applications. Lucintel forecasts that environmental
protection will remain the largest application due to growth in wastewater
treatment and flue gas desulphurization activities in various industries.
Lucintel predicts that pharmaceutical ingredients will witness the fastest growth during the forecast period due
to the increasing demand of medicines and drugs for the treatment of
indigestion, heartburn, and sour stomach.
Within the magnesium hydroxide market, the
industrial end use is expected to remain the largest
segment due to the increasing demand for
wastewater treatment by various industries and growing consumption of
non-halogenated flame retardant in the electric and electronic products for
fire safety.
Asia Pacific is expected to
remain the largest market by value and volume and witness the highest growth
over the forecast period due to the
growing consumption of magnesium hydroxide in environmental protection and
pharmaceutical industries.
An
emerging trend that has a direct impact on the dynamics of the industry is increasing
demand for ultrafine grade of magnesium hydroxide. Israel Chemical, Martin Marietta Materials,
Huber Engineered Materials, Kyowa Chemical, Konoshima Chemical, Nedmag, Ube
Material industries, and Xinyang Minerals are among the major suppliers of
magnesium hydroxide.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the global magnesium hydroxide market
by application, end use industry, purity level, product form, and region and
has come up with a comprehensive research report entitled “Growth
Opportunities in the Global Magnesium Hydroxide Market 2018-2023: Trends,
Forecast, and Opportunity Analysis.” The Lucintel report serves as
a catalyst for growth strategies as it provides a comprehensive data and
analysis on trends, key drivers, and directions. The study includes a forecast
for the global magnesium hydroxide market by application, end use industry,
purity level, product form, and region as follows:
By
Application [Volume (Kilotons) and $M
shipment analysis from 2012 to 2023]:
·
Environmental Protection
·
Flame Retardant
·
Pharmaceutical Ingredient
·
Others
By End Use Industry [Volume (Kilotons) and $M shipment analysis
from 2012 to 2023]:
·
Industrial
·
Municipal
·
Pharmaceutical
·
Others
By Purity Level [Volume (Kilotons) and $M shipment analysis
from 2012 to 2023]:
·
90%-95%
·
96%-100%
By Product Form [$M shipment analysis from 2012 to 2023]:
·
Slurry
·
Powder
·
Fine Particles
·
Others
By Region [Volume (Kilotons) and $M shipment analysis
from 2012 to 2023]:
·
North America
– United
States
– Canada
– Mexico
·
Europe
– Eastern
Europe
– Western
Europe
·
Asia Pacific
– China
– India
– Japan
·
The Rest of the World
This
204-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or
helpdesk@lucintel.com. Lucintel offerings
include chemical
market research reports, chemical
industry analysis report, commercial due diligence
report, business
strategy consulting and market
research reports online.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. We offer market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for
the global magnesium hydroxide market by application (environmental protection,
flame retardant, pharmaceutical ingredients, and others), end use industry
(industrial, municipal, pharmaceutical, and others), purity level (90%-95% and
96%-100%), product form (slurry, powder,
fine particles, and others), and by region (North America, Europe,
Asia Pacific, and the Rest of the World)?
Q.2
Which segments will grow at a faster pace and why?
Q.3
Which regions will grow at a faster pace and why?
Q.4
What are the key factors affecting market dynamics? What are the drivers and
challenges of the market?
Q.5
What are the business risks and threats to the market?
Q.6
What are the emerging trends in this market and reasons behind them?
Q.7
What are the changing demands of customers in the market?
Q.8
What are the new developments in the market? Which companies are leading these
developments?
Q.9
Who are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
Q.10
What are some of the competitive products and processes in this area and how
big of a threat do they pose for loss of market share via product substitution?
Q.11
What M&A activity has occurred in the
last 5 years?
No comments:
Post a Comment